Thursday, February 26, 2009

Market Daily -- 26th Feb 09

18. STX Pan Ocean 4Q Net Loss US$95M Vs US$175M Profit

17. SembCorp Marine Target Cut To S$2.20 From S$3.00 By UBS

16. City Developments Reiterates No Rights Issue Plan

15. Singapore Petroleum Target Raised To S$2 Vs S$1.60 By Goldman

14. OCBC Cuts Straits Asia Target To S$1.15;Keeps Buy

13. Ho Bee Investment Target Cut To S$0.63 From S$0.76 By CIMB

12. Delong Holdings Fair Value Cut To S$0.21 From S$0.34 -UOB-KH

11. CLSA starts Thai Beverage at Outperform with S$0.22 target price

10. Chemoil Energy 4Q Net Falls To $11.5M Vs $14.4M On Lower Rev

9. Delong Holdings Target Cut To S$0.595 From S$0.655 By DMG

8. Sihuan Pharma Target Cut To S$0.93 From S$1.08 By Daiwa

7. OCBC Cuts Straits Asia Resources Target To $1.15 From S$1.35

6. Singapore CPI +6.5% In 2008 -Government Survey

5. Singapore Unemployment Seasonally Adj 2.6% In Dec 2008-Survey

4. Singapore 4Q GDP -16.4% On Qtr Vs -16.9% Prelim Estimate
Singapore 2008 GDP +1.1% Vs +1.2% Preliminary Estimate

3. Singapore Exchange Target Cut To S$6.00 From S$9.00 By UBS

2. SIA Target Cut To to S$10.52 From S$11.53 By Daiwa

1. City Developments 4Q Net Profit S$100M Vs S$235M; Poll S$154M
City Developments 2008 Net Profit S$581M Vs S$725M